With JIT a company's relationship with its suppliers includes
A) Competitive bidding
B) Being in partnership with them
C) Buying parts from the cheapest supplier
D) Short-term relationships
E) Having as many suppliers as possible

Question

Quizplus · Accepted Answer

With JIT, a company's relationship with its suppliers is based on partnership rather than just competitive bidding or seeking the cheapest supplier. This is because JIT requires a high level of trust and coordination between the company and its suppliers to ensure timely delivery of goods and components. Short-term relationships and having many suppliers can disrupt this coordination, which is why JIT encourages long-term partnerships with a select few reliable suppliers.

With JIT a Company's Relationship with Its Suppliers Includes